Royce & Associates LP boosted its holdings in Cypress Semiconductor Co. (NASDAQ:CY) by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,586,200 shares of the semiconductor company’s stock after buying an additional 80,000 shares during the period. Royce & Associates LP owned approximately 0.48% of Cypress Semiconductor worth $24,174,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in shares of Cypress Semiconductor by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 483,189 shares of the semiconductor company’s stock valued at $6,596,000 after purchasing an additional 10,232 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Cypress Semiconductor by 1.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 49,458 shares of the semiconductor company’s stock valued at $675,000 after purchasing an additional 851 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Cypress Semiconductor by 28.9% during the second quarter. Public Employees Retirement System of Ohio now owns 417,520 shares of the semiconductor company’s stock valued at $5,699,000 after purchasing an additional 93,491 shares during the period. Oakbrook Investments LLC purchased a new stake in shares of Cypress Semiconductor during the third quarter valued at approximately $297,000. Finally, Northpointe Capital LLC raised its stake in shares of Cypress Semiconductor by 37.7% during the third quarter. Northpointe Capital LLC now owns 744,949 shares of the semiconductor company’s stock valued at $11,189,000 after purchasing an additional 203,875 shares during the period. Hedge funds and other institutional investors own 91.22% of the company’s stock.
A number of analysts have recently issued reports on CY shares. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Cypress Semiconductor in a research note on Friday, October 27th. BidaskClub upgraded shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Piper Jaffray Companies started coverage on shares of Cypress Semiconductor in a research note on Monday, December 18th. They set an “overweight” rating and a $20.00 price objective on the stock. Credit Suisse Group lifted their price objective on shares of Cypress Semiconductor from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research raised shares of Cypress Semiconductor from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.04.
Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. The business had revenue of $597.54 million during the quarter, compared to the consensus estimate of $593.15 million. During the same quarter last year, the company earned $0.15 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. research analysts expect that Cypress Semiconductor Co. will post 0.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.62%. Cypress Semiconductor’s dividend payout ratio is presently -157.14%.
In other Cypress Semiconductor news, SVP Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $17.08, for a total value of $51,240.00. Following the completion of the transaction, the senior vice president now owns 65,445 shares of the company’s stock, valued at $1,117,800.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.
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Cypress Semiconductor Company Profile
Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company’s segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.
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